Incredible investment opportunity! This 3-unit property in Lansing is fully vacant, so you can choose your own tenants—no need to inherit any bad leases. Each unit is a one-bedroom, one-bathroom apartment, offering the potential for $2,400/month in rental income. The property features durable vinyl siding and vinyl windows, making for easy maintenance. All units are near move-in ready, with some small improvements this could be a hassle-free addition to your portfolio. Don't miss out on this prime opportunity!
Regarding Property taxes, seller indicated that the property taxes uncapped last year.
ATTENTION INVESTORS: Whether you are a traditional investor or house hacker, this duplex is perfect for you! With a vacant and completely remodeled lower unit, you can set the rents as you please or move right in yourself. This lower unit is complete with two bedrooms and updates that are sure to impress; with stainless steel appliances, a new countertop in the kitchen with freshly painted cabinets, vinyl and refinished hardwood floors throughout, and a tiled shower surround in the bathroom, this unit has a market rent of $1,150. This unit has spacious living areas and is complete with access to the laundry hookups and storage space that the basement provides. The upper unit has a private entrance on the west side of the duplex and offers the upper tenant their own floor to occupy. This 1 bedroom, 1 bathroom unit has a current rental rate of $750/month, with a market rent potential of $850/month. This property also has plenty of tangible features beyond the rental numbers that will ensure sustainable success moving forward. With a 1 car garage that offers tenants on-site covered parking, multiple driveway parking spaces, and a bus stop less than a block away, transportation options provide a rental perk that satisfies most all potential tenants. Beyond the garage lies an enormous, privately fenced in back yard that provides another perk to any tenant that enjoys the outdoors. This duplex also holds the value-add potential that you are looking for. Each unit currently has separate meters for electrical and is tenant paid. The upper unit features baseboard heat and the forced air furnace heats the lower unit. Water supply lines and drains were replaced in 2023. This leaves the property ripe for value-add potential by splitting the water and HVAC. In the meantime, this property is sure to impress both traditional investors and house hackers alike. This property will not last on the market long. Submit your offer today before it's too late!
Welcome to 209 E Hazel St! This duplex provides a great opportunity to live in one unit while renting out the other or to enhance your investment portfolio. The lower unit features 2 bedrooms and 1 bathroom, while the upper unit has 1 bedroom and 1 bathroom. Tenants are responsible for their own gas expenses, while the owner covers electricity, water, sewer, and lawn care. The lower unit is currently vacant, and a long-term tenant resides in the upstairs unit. Don't miss out--schedule your showing today!
Here is a great opportunity if you are looking for income property! Two units generate approximately $2205 monthly. Both units are 2 bed, 1 bath with hardwood floors. Units have the google nest thermostat to allow each unit to adjust the temperature. Both are occupied and have a year lease agreement. Call today to schedule your showing!
Welcome to 4414 S Martin Luther King this 2-unit Property offers Main floor with a full kitchen, full bathroom and 3-4 bedrooms. There is a huge 2-3 car attached garage with the property. Huge backyard great for kids and pets. Lots of parking. Property has a new furnace, oversized water heater and new electric heat on the second floor apartment. Upstairs unit is also set up for a 2-unit rental with 1 bedroom live in one and make money from the other one. F-Commercial Zoning- has been used as 2 units but could be converted back to 1 unit.
The median home value in Lansing, MI is $127,100. This is lower than the county median home value of $173,700. The national median home value is $338,100. The average price of homes sold in Lansing, MI is $127,100. Approximately 46.56% of Lansing homes are owned, compared to 43.25% rented, while 10.19% are vacant. Lansing real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lansing real estate agent to arrange a tour today!
Lansing, Michigan 48910 has a population of 113,592. Lansing 48910 is less family-centric than the surrounding county with 21.97% of the households containing married families with children. The county average for households married with children is 28.45%.
The median household income in Lansing, Michigan 48910 is $46,570. The median household income for the surrounding county is $58,226 compared to the national median of $69,021. The median age of people living in Lansing 48910 is 32.8 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 16.5 degrees. The average rainfall is approximately 33.1 inches per year, with 46.1 inches of snow per year.